Abstract
We use optimal control theory to determine the optimal manufacturing, remanufacturing, and disposal rates in a closed-loop supply chain. The returned items are of different quality levels. The firm grades the returned items according to their quality. Each class of returned items is remanufactured and stocked separately. Also, all items are subject to deterioration and the deterioration rate depends on the class. Finally, each class of items is sold to a different segment of customers. An illustrative example is presented along with a sensitivity analysis on some of the system parameters.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Statistics, Optimization & Information Computing
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
